Phi Omega Incorporated

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561518660 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(3)

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Overview

What is Phi Omega Incorporated?

Phi Omega Incorporated is a nonprofit organization situated in Winston-Salem, North Carolina, with the address 973 Bryanplace Road. Their primary mission is to offer affordable housing solutions to individuals with modest to low incomes. The organization also manages a community center, which serves as a platform for various community events and educational workshops aimed at middle and high school students. The center facilitates learning opportunities for young people, contributing to the overall development of the community.

Is Phi Omega Incorporated legitimate?

Phi Omega Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phi Omega Incorporated submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Phi Omega Incorporated?

Phi Omega Incorporated is dedicated to serving the community by offering high-quality, affordable housing for individuals with modest and low incomes. Additionally, the organization operates a community center that hosts educational workshops for middle and high school students. The primary mission of Phi Omega Incorporated is to contribute to the community by providing affordable housing and fostering educational opportunities for young learners. The organization seeks to uplift its community members by offering a space for growth and learning, thereby enriching the lives of its residents and local students.

Who is the CEO of Phi Omega Incorporated?

Brenda T Hodge is the President of Phi Omega Incorporated.

What is the revenue of Phi Omega Incorporated?

Phi Omega Incorporated's revenue in 2022 was $251,987.

Who are the executives of Phi Omega Incorporated and what are their salaries?

There 70 volunteers at Phi Omega Incorporated.


Here are 9 key members and their salaries:


Janet Wheeler (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia Newell (V. President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Hodge (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hazel Mcgill (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alma Corbett (Corresponding Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annette Wilson (Financial Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Candice Wooten-Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ladessa Cunningham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Sanders-Pratt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Phi Omega Incorporated?

Phi Omega Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Phi Omega Incorporated

Phi Omega Incorporated, a nonprofit organization, is committed to providing quality and affordable housing for individuals with modest and low incomes. Beyond just offering housing, this organization also provides a community facility that serves as a hub for various activities. One of the key initiatives at this community center is the conduct of educational workshops for middle and high school students. By offering both housing and community programs, Phi Omega Incorporated aims to contribute positively to the lives of its residents and the broader community.

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Impact




October, 2024

Phi Omega Incorporated significantly impacts the Winston-Salem community by providing quality affordable housing for low and moderate-income citizens. This organization not only addresses the pressing need for accessible housing but also fosters community engagement and development through its community center. The center serves as a vital resource, hosting educational workshops for middle and high school students that promote learning and personal development.

By creating a space dedicated to both housing and education, Phi Omega Incorporated plays a pivotal role in enhancing the quality of life for residents. It builds a foundation for stability and growth, empowering individuals and families while contributing to a stronger, more informed community. The combination of affordable housing and educational opportunities helps break cycles of poverty and supports long-term success for residents, illustrating the profound impact of Phi Omega Incorporated on the lives of many in Winston-Salem.




This information is meant to be a general summary of Phi Omega Incorporated. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$251,987 (2022)
Expenses
$217,756 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,202
  • Program Service Revenue: $245,785
  • Gross Receipts: $251,987

Assets and Liabilities:

  • Total Assets: $524,275
  • Total Liabilities: $89,885
  • Net Assets: $434,390

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Apartment Rentals

Revenue

$244,785

Community Center Rentals

Revenue

$1,000

Organization Details

Founding Year

1986

Principal Officer

Brenda T Hodge

Main Address

973 BRYANSPLACE ROAD, WINSTONSALEM, NC, 27104

NTEE Category

Code: L20 - Housing

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